10.05.2016 - Technical view
Currencies trading and euro. The price of EUR/USD continues to decrease gradually along the inclined resistance line and currently is trying to gain a foothold below the level of 1.1400. In case of success, the quotes may continue the decline to 1.1200. On the other hand breaking through resistance of inclined line will cause the continued growth to 1.1500. We maintain our medium-term negative outlook and in the near future, the price decline may accelerate.
Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750
Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700
Currencies trading and British pound. The price of GBP/USD continues to consolidate near the level of 1.4400 and can grow to 1.4500 in case of rebound from this level. On the other hand, fixation below 1.4400 will become a signal for a further decline with objectives at 1.4180 and 1.4050. Our forecast for next weeks remains negative.
Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150
Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500
Currencies trading and Japanese yen. The price of USD/JPY continued the upward movement after overcoming an important resistance level at 108.00. This fact was also the signal for the continuing rising dynamics with price targets at 109.75 and 111.00. In case of correction, quotes will return to the level of 108.00. Our medium-term outlook remains positive.
Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00
Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00
Currencies trading and Australian dollar. The price of AUD/USD continues to decline along the inclined line of resistance, and after reaching the target at level of 0.7400, the closest target has become the mark of 0.7240 after overcoming of which, reduction may continue until 0.7000. In case of correction, quotations may return to the level of 0.7400. Our medium-term outlook remains negative.
Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000
Nearest support levels: 0.7240, 0.7120, 0.7000, 0.6840
Currencies trading and New Zealand dollar. The price of NZD/USD accelerated the fall after breaking through the level of 0.6820. As a result, quotes have overcome the inclined support line and 0.6760 that is the basis for the further continuation of the negative dynamics of quotations with objectives at 0.6575 and 0.6450. In case of correction, quotations may return to the level of 0.6820. Our medium-term outlook remains negative.
Nearest resistance levels: 0,6760, 0,6940, 0.7050, 0.7200, 0.7400
Nearest support levels: 0,6575, 0.6450, 0.6400, 0.6320, 0.6250